What is a Structured Settlement?
Jan 03, 2012
Defining A Structured Settlement
A structured settlement is a common method for companies or individuals to pay settlements that are awarded to plaintiffs. When a defendant pays the settlement in installments, rather than in a single lump sum, the defendant is paying a structured settlement. Structured settlements can be paid out in several ways to suit the needs of the defendants. Some structured settlement plans include an initial lump sum payment that is followed by monthly payments, and other structured settlements are simply paid in monthly or yearly installments.